700k is enough cash till June. A cr is planned, so they would just announce it. Same with a jv.
There has been no high volume the last week to indicate a leak, late last week very low volume. Opposite to a leak. So I think material announcement due to something sudden.
If they received a takeover offer last night or early today they have to suspend as the board would not have digested it and to also prevent a leak before responding.
Im more looking to a bid here due to it being a sudden halt with no pressure from asx and no high trade vol.
We have Vale and hanking as possible suitors here. Lets hope there is a bid for czn. 1b assets at 8m cap should really not be sitting around really.
CZN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
